INNOVATION CLUSTER: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
INNOVATION CLUSTER
Largest movements
- Receivables within one year -€1,847
down €1,847 (-4.3%), from €42,823 to €40,975
- Profit (loss) carried forward -€2,534
down €2,534 (-191.1%), from -€1,326 to -€3,859
- Trade debts +€804
up €804 (+39.3%), from €2,047 to €2,852
- Gross operating margin -€327
down €327 (-15.2%), from -€2,145 to -€2,471
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €43,951 | €41,925 | -€2,026 | -4.6% |
| Current assets | 29/58 | €43,951 | €41,925 | -€2,026 | -4.6% |
| Amounts receivable within one year | 40/41 | €42,823 | €40,975 | -€1,847 | -4.3% |
| Other amounts receivable | 41 | €42,823 | €40,975 | -€1,847 | -4.3% |
| Cash at bank and in hand | 54/58 | €1,129 | €949 | -€179 | -15.9% |
| Total equity and liabilities | 10/49 | €43,951 | €41,925 | -€2,026 | -4.6% |
| Equity | 10/15 | €8,675 | €6,141 | -€2,534 | -29.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Capital | 10 | €10,000 | €10,000 | = | 0.0% |
| Issued capital | 100 | €30,000 | €30,000 | = | 0.0% |
| Uncalled capital | 101 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,326 | -€3,859 | -€2,534 | -191.1% |
| Amounts payable | 17/49 | €35,277 | €35,784 | +€507 | +1.4% |
| Amounts payable within one year | 42/48 | €2,344 | €2,852 | +€507 | +21.6% |
| Trade debts | 44 | €2,047 | €2,852 | +€804 | +39.3% |
| Suppliers | 440/4 | €2,047 | €2,852 | +€804 | +39.3% |
| Taxes, remuneration and social security | 45 | €297 | - | -€297 | |
| Taxes | 450/3 | €297 | - | -€297 | |
| Accrued charges and deferred income | 492/3 | €32,932 | €32,932 | = | 0.0% |
| Gross operating margin | 9900 | -€2,145 | -€2,471 | -€327 | -15.2% |
| Operating profit (loss) | 9901 | -€2,145 | -€2,471 | -€327 | -15.2% |
| Financial charges | 65/66B | €72 | €63 | -€10 | -13.3% |
| Recurring financial charges | 65 | €72 | €63 | -€10 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | -€2,217 | -€2,534 | -€317 | -14.3% |
| Profit (loss) for the period | 9904 | -€2,217 | -€2,534 | -€317 | -14.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,217 | -€2,534 | -€317 | -14.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.